July 5, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Very Positive Positioning

Please click here for a chart of semiconductor ETF SMH.

Note the following:

• The chart is a weekly chart to give you a longer term perspective.
• Semiconductors are the leading sector as we have previously written.  Semiconductors have also been a prime beneficiary of the artificial intelligence (AI) frenzy.  For the direction of the stock market, investors should pay attention to the semiconductor sector in addition to the group of magnificent seven stocks Apple (AAPL), Amazon (AMZN), Google (GOOG, GOOGL), Meta (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA).